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4h ago

Brazil Raises Fixed ICMS on Fuel as 2026 Rates Take Effect

States frame the fixed-rate update as a technical annual recalibration based on ANP prices to stabilize revenue.

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Overview

  • New per-unit rates effective January 1 set gasoline at R$1.57 per liter (+R$0.10) and diesel at R$1.17 per liter (+R$0.05).
  • Cooking gas (GLP) moves to R$1.47 per kilogram (+R$0.08), with reporting also citing an increase of R$1.05 per 13‑kg cylinder.
  • Confaz established the 2026 values in convênios published on September 8, 2025, under the nationwide ad rem model of Law Complementar 192/2022.
  • Comsefaz says the annual adjustment used ANP average prices from February to August 2025 compared with the same period in 2024.
  • Retail pass-through will vary by station and region, with Ceará averages pointing to about R$0.10 per liter higher pump prices as inventories are replenished.